Irish Budget sees ‘largest capital investment in history’

The Irish government has published its Budget 2022, pledging “the largest capital investment programme in the history of the state”.

Minister for Public Expenditure and Reform Michael McGrath announced €11.1bn will be made available next year for capital expenditure under the National Development Plan (NDP), with capital spending increasing by more than twice the rate of current spending.

Of that investment, €3.4bn will be allocated to transport projects, including schemes such as MetroLink and the DART+ Programme - both of which have been considered as potential PPP projects.

Last week, the Irish government unveiled the latest iteration of the NDP, which included a plan to review the use of PPPs to see if disincentives could be removed so that more schemes could be delivered under the model.

The new NDP also outlined plans to use PPPs to increase the delivery of new housing across the country.